Global Banana Flour Market Projected to Grow at 3.6% CAGR, Surpassing US$ 892.8 Million by 2034 | Future Market Insights, Inc.

The banana flour market is anticipated to reach a valuation of US$ 628.7 million in 2024. The industry is projected to be worth US$ 892.8 million by 2034, rising at a CAGR of 3.6% between 2024 and 2034. The market is on an upward trajectory, primarily fueled by its versatile applications and the escalating consumer demand for gluten-free alternatives. This surge in popularity aligns with the overarching trend of health-conscious choices, prompting a shift towards minimally processed and nutrient-rich options.

Consumers are increasingly drawn to banana flour due to its nutrient-rich composition and the presence of resistant starch, aligning seamlessly with prevailing health and wellness trends. As the market embraces these health-centric inclinations, banana flour is a valuable ingredient with applications beyond traditional uses. Its versatility shines through in various culinary creations, ranging from gluten-free baking to enriching smoothies, widening its appeal and driving market growth.

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Competition within the market is fierce, marked by players emphasizing crucial factors such as product quality, responsible sourcing practices, and diverse product offerings. This competitive landscape propels continuous innovation as industry players seek differentiation through unique formulations and packaging approaches. Strategic partnerships also play a pivotal role in shaping the market landscape as companies collaborate to enhance their collective presence and cater to a broader consumer base.

Key Takeaways from the Market Study:

  • Based on application, the food industry is expected to hold a market share of 61.3% in 2024.
  • China is estimated to register at a CAGR of 3.7% by 2034.
  • The United Kingdom experiences significant growth, projected at a CAGR of 2.5% by 2034.
  • Based on the source, organic banana flour is anticipated to hold a market share of 97.3% in 2024.

“The increasing consumer preference for gluten-free alternatives is a significant driver propelling the banana flour market,” – Comment by Nandini Roy Choudhury, Client Partner at Future Market Insights

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Competitive Landscape:

A dynamic interplay among industry players characterizes the banana flour market competitive landscape. Companies vie for prominence by prioritizing product quality, responsible sourcing practices, and diversification of product offerings.

Continuous innovation and strategic collaborations shape the market, reflecting a concerted effort to meet evolving consumer preferences for wholesome and functional ingredients in the flourishing banana flour segment.

Some of the recent developments are:

  • In October 2021, the ICAR-National Research Centre for Banana (NRCB) in Trichy entered a memorandum of understanding with Cake Bee, a leading bakery in India. The collaboration aimed to explore the use of foam mat drying, an innovative and cost-effective method developed by ICAR, for producing banana powders from ripe or rejected market bananas.
  • In March 2021, Kokos Natural introduced NATIRÈL banana flour. Traditionally crafted from green bananas, this gluten-free substitute to wheat flour is known for its light texture, requiring 25% less volume than traditional flour.

More Valuable Insights Available:

Future Market Insights offers an unbiased global banana flour market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

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Key Segments of Banana Flour Industry Survey:

By Process:

  • Sun-dried
  • Freeze-dried
  • Spray-dried
  • Others

By Application:

  • Beverages
  • Pet Food and Feed Industry
  • Household
  • Food Industry
  • Bakery & Snacks
  • Infant Foods
  • Filling and Dressings
  • Soups and Sauces
  • Others

By End-user:

  • Water Treatment
  • Food and Beverage Processing
  • Pharmaceutical and Medical
  • Automotive
  • Air Purification
  • Others

By Source:

  • Organic
  • Conventional

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Specialty Store
    • E-Retailers
    • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Cell Line Development Services Market Set to Soar, Predicted to Reach US$12,957.8 Million in value by 2033 at a 7.4% of CAGR

Cell Line Development Services Market
Cell Line Development Services Market

The global cell line development services market is anticipated to increase dramatically and surpass US$12,957.8 million in value by 2033. According to Future Market Insights (FMI), this projection shows a strong Compound Annual Growth Rate (CAGR) of 7.4%, indicating a significant growth from US$6,365.2 million in 2023.

Cell line development services are crucial to biopharmaceutical research and development because they enable the production of cell lines that are intended for particular applications such as the expression of recombinant proteins, the synthesis of antibodies, and the generation of vaccines. The production of high-quality cell lines for medical and diagnostic purposes is made simpler and more economical by these services, which comprise cell line banking, engineering, optimization, and characterization.

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The biopharmaceutical sector relies heavily on cell line development services to produce vaccines and biologics for a wide range of therapeutic uses. These services cover a variety of procedures that are necessary for the creation and production of novel treatments, such as cell line engineering, cell banking, and cell line characterization.

There are a number of important factors that will contribute to the market for cell line development services’ expected growth. Efficiency and scalability in cell line development solutions are becoming more and more important due to the quick progress in biotechnology and the growing market for biopharmaceuticals. Furthermore, the need for biologic drugs is increased by the rise in infectious and chronic illnesses as well as the growing emphasis on personalized medicine, which supports the market’s expansion.

The increasing frequency of neurological disorders and cancer, coupled with the dearth of effective treatment options for these conditions, have created a need for more advanced and efficient treatment pathways. Companies and government agencies are investing funds in research and development initiatives and focusing more on the generation of cell lines in order to identify novel biological pathways for the synthesis of cutting-edge drugs. The increased research and development spending on biosimilars made by departing biopharmaceutical corporations would be advantageous to the cell line development industry.

Market Competition:

Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., Solentim Ltd., Sigma-Aldrich Corporation, Selexis, Corning, Inc., Wuxi App Tec, Inc., and Sartorius AG are a few of the major players in the worldwide cell line development services market.

The market is extremely competitive as a result of the large number of participants. Regional players are present in key development regions, especially Asia Pacific, but global players like Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., and Solentim Ltd. still hold a significant share of the market.

  • In May 2022 – ALSA Ventures, and Lonza, a global development and manufacturing partner to the pharma, biotech and nutrition industries, announced today a framework collaboration agreement to help ALSA’s portfolio of pre-clinical and early clinical biotechs develop and manufacture biologics and small molecule drug candidates.
  • In March 2021 – Pionyr Immunotherupatics collaborated with Lonza to support their oncology product development. Lonza will help Pionyr with cell line development and offer optimal yield and throughput.
  • In June 2022 – WuXi Advanced Therapies and Wugen Inc., announced a partnership to produce Wugen’s WU-NK-101, a novel immunotherapy that harnesses the power of memory natural killer (NK) cells to treat cancers. WuXi ATU will provide manufacturing and testing services for WU-NK-101 to enable the delivery of this innovative cell therapy to cancer patients.

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Key Companies Profiled:

  • Lonza
  • MabPlex Inc.
  • Thermo Fisher Scientific, Inc.
  • Solentim Ltd
  • Sigma-Aldrich Corporation
  • Selexis
  • Corning, Inc
  • Wuxi App Tec Inc.
  • Sartorius AG

Key Segments Profiled in the Cell Line Development Services Industry Survey

By Product Type:

  • Media and Reagents
  • Equipment
  • Others Cell Line Development Service Products

By Type:

  • Primary Services
  • Continuous Services
  • Hybridomas Services
  • Recombinant Cell Line Development Services

By Application:

  • Bioproduction
  • Diagnostics
  • Vaccines
  • Recombinant Protein Therapeutics
  • Tissue Engineering & Regenerative Medicines
  • Drug Discovery
  • Toxicity Testing
  • Pharmaceutical and Biotechnology Research

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • Asia Pacific Market
  • Middle East & Africa Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Global Cell Culture Incubator Market Continues Upward Trajectory, Projected to Reach US$4,305.1 Million by 2033 at a 6.4% CAGR

Cell Culture Incubators Market
Global Cell Culture Incubators Market

The global cell culture incubator market is expected to grow steadily and reach a valuation of US$4,305.1 million by 2033. The market was projected to be valued US$2,315.5 million in 2023, indicating a strong compound yearly growth rate (CAGR) of 6.4%, according to latest market analysis.

Cell culture incubators are necessary in many scientific domains, including biotechnology, cell biology, and pharmaceutical research. These specialized devices offer regulated settings favorable to cell growth and proliferation, thereby facilitating the research and production of cells for a wide range of applications, including tissue engineering, regenerative medicine, and drug discovery.

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A cell culture incubator is a device that keeps bacteria and cell cultures growing inside of a chamber at controlled pH, humidity, temperature, and CO2 concentration. The market expansion for cell culture incubators is being driven by the increasing need and approvals for vaccines based on cell culture. It is anticipated that the target market will expand due to the rising demand for monoclonal antibodies and the rise in the prevalence of chronic illnesses.

A specialized lab tool used for the meticulously regulated development and preservation of cells is a tissue culture incubator. In order to promote the ideal conditions for cell growth and proliferation, it offers a stable environment with regulated temperature, humidity, and gas concentrations.

Market Competition:

The key players of this market include Thermo Fisher Scientific Inc, Memmert GmbH + Co.KG, Binder GmbH, Panasonic, BioIVT, Sheldon Manufacturing, Inc.

  • Thermo Fisher Scientific Inc. announced in June 2021 that the company’s Thermo Scientific Cytomat 24 automated incubators and storage systems are combined with the latest technology to aid increased throughput and sample protection. The new Cytomat 24 automated incubators and storage systems from Thermo Fisher Scientific, which will be available in May 2021, provide a large capacity, quick access, and a wide temperature range while minimizing contamination difficulties in high-throughput applications. The new instruments use temperature consistency and stability to assure reproducibility for cell culture applications, while also providing speedy delivery of microtiter plates via an enhanced plate shuttle system, according to a press release issued by Thermo Fisher on May 14, 2021. The system also incorporates an LED touch screen that is installed on the door for easy access and viewing.
  • BioIVT released its GMP Grade Human AB Serum tailored for gene therapy manufacturing in January 2022. BioIVT’s GMP-grade human AB serum is manufactured with the same optimized processes and improved regulatory control of source material collection, manufacturing, and processing as its research-use only material. However, it also includes extra viral tests and documentation for hepatitis A (plasma-derived only), hepatitis B core antibody, hepatitis E, and parvovirus B19 (plasma-derived only).

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Key Segments Profiled In The Cell Culture Incubator Industry Survey:

By Type:

  • Air-jacketed
  • Water-jacketed
  • Direct Heat

By Sensor Technology:

  • Infra-red
  • Thermal Conductivity

By Application:

  • For Pharmaceutical Applications
  • For Biomedical and Clinical Labs
  • For Government Research
  • For IVF Processes
  • For Other Applications

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Contact Center Analytics Market Soars to US$ 1.2 Billion in 2021; BFSI to Drive 16.2% CAGR Growth through 2032

The most recent analysis from Future Market Insights projects that the worldwide contact centre analytics market will bring in US$1.2 billion in revenue by 2021. It is projected that the market will expand by 16.2% between 2022 and 2032, which is somewhat more than it has historically increased. BFSI is expected to be the industry that generates the most revenue, growing at a compound annual growth rate (CAGR) of more than 16% between 2022 and 2032.

The market’s growth may be attributed to the increasing need for contact centres from banks, financial institutions, credit unions, and other companies looking to enhance their customer experiences. Deloitte reports that in 2019, the financial services industry constituted roughly 26% of all contact centres utilised worldwide.

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The IT and telecom industries make extensive use of contact centre analytics tools because of their powerful BPA capabilities. Additionally, these solutions enable IT and telecom staff to handle all incoming client communications and manage all service request phases. Additionally, these solutions provide a lot of advantages, such as increased customer satisfaction, reduced operating costs, and corporate intelligence. Additionally, IT and telecom businesses employ these technologies to pinpoint the elements affecting their customers’ experiences.

Due to the growing need for speech analytics among BFSI firms, the market is expected to expand throughout the predicted time range. Speech analytics helps banks stop customer attrition by monitoring and analysing client interactions. Due to their advantages, speech analytics is being used by several institutions to enhance the client experience. For instance, in November 2020, the provider of speech analytics solutions CallMiner announced that African Bank had selected the CallMiner Eureka platform to collect data from voice-based client engagements. This project has helped the bank’s efforts to quicken its digital transition.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Contact Center Analytics market are focused on alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key Contact Center Analytics providers are as follows:

  • In January 2020, Microsoft announced its partnership with Genesys. After working together, the companies intended to launch Genesys Engage for Azure, a cloud service that would give contact centers a unified customer experience solution. Businesses will benefit from the new omnichannel customer experience solution by having a smoother shopping experience.
  • In October 2019, Cisco bought Cloud Cherry with success by utilizing the potential of cloud data analytics to enhance real-time client interaction.

Key Companies Covered

  • Oracle Corp
  • SAP SE
  • Verint Systems Inc
  • Mitel Networks Corp
  • Nice Ltd.
  • Genesys Telecommunications Laboratories, Inc.
  • Five9, Inc.
  • 8×8, Inc.
  • CallMiner
  • Servion Global Solutions
  • EdgeVerve Limited

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Contact Center Analytics Market Segmentation

By Solution:

  • Cross-channel Analytics
  • Performance Analytics
  • Predictive Analytics
  • Speech Analytics
  • Text Analytics

By Service:

  • Integration & Deployment
  • Support & Maintenance
  • Training & Consulting
  • Managed Services

By Deployment:

  • Hosted
  • On-premise

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises

By Application:

  • Automatic Call Distributor
  • Customer Experience Management
  • Log Management
  • Real-time Monitoring & Reporting
  • Risk & Compliance Management
  • Workforce Optimization
  • Others

By End Use:

  • BFSI
  • Consumer Goods & Retail
  • Healthcare
  • IT & Telecom
  • Travel & Hospitality
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Raising Agents Market Trends, Emerging Technologies and Growth Analysis by Forecast from 2022 to 2032

The Raising Agents Market is estimated to reach USD 31 billion in 2021. It is likely to accelerate at a robust 3.1% CAGR from 2022 to 2032. This should propel the market’s value to a mammoth USD 43 billion in 2032.
Providing the lightness to food items such as cakes and breads has led food & beverage companies towards adopting raising agents to their production methods. For their specific function in releasing gas when the mixture gets heated, raising agents are important in the production of cakes and several other bakery items as they make them fluffy and creamy at the core. Chemical, biological, natural or physical, a range of raising agents are being used in the global food & beverage industry.
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However, the demand for raising agents continues to descend with emergence of egg alternatives and substitutes such as lemon juice. According to a recently published forecast study by Future Market Insights, the global market for raising agents is poised to expand at a moderate pace in the foreseeable future.

Key insights from the study reveal, The global raising agents market is expected to register a value CAGR of 3.1% for the forecast period, 2017-2026 In terms of volume, the study estimates that by the end of 2026, over 33,00,000 tonnes of raising agents will be sold across the globe The demand for raising agents will witness a considerable traction on the back of their effective applications in production of confectionaries

Confectionary Product Applications to Register Fastest Revenue Growth at 3.6% CAG The study has highlighted the rising applications of raising agents in the confectionary businesses. Manufacturers of confectionary products in several parts of the world are using up a considerable share of raising agents being produced in the world. The report estimates that in 2017, US$ 5.4 billion worth of raising agents sold across the world were accounted by confectionary product applications.

The report also reveals that the demand for raising agents namely, cream of tartar and baking soda, will gain equivalent traction by registering a value CAGR of 3.2% individually for the forecast period. During this period, baking powder will lose its prevalence as a sought-after raising agents. Acidity issues and rancid tastes arising from excessive use of baking powder as raising agents will continue to lower its demand in the global market. On the other hand, the report also reveals that organic agents will register highest revenue growth, bringing in more than US$ 5 billion by 2026-end.

Europe to Represent Leading Consumer Marketplace for Raising Agents The consumption of raising agents through direct or indirect sales is expected to be high in European countries. In 2017, Europe’s raising agents market was estimated to be valued at nearly US$ 11 billion. The report further revealed that in the same year, direct sales & wholesalers accounted for more than US$ 9 billion revenues procured in the global raising agents market. Increasing consumption of confectionaries, prevalent demand for baked goods, and easy access to natural raising agents are observed to drive the growth of Europe’s raising agents market during the forecast period.

The report also estimates that several leading companies producing raising agents on a global scale will be aiming at expanding their businesses across European countries. Weikfield Products Private Limited, Caravan Ingredients Inc., ACH Food Companies Inc., Davis, Clabber Girl Corporation, Rumford, Foodchem International Corporation, Newseed Chemical Co. Limited, McCormick & Company Inc., and (Tártaros Gonzalo Castello SL) Mitsubishi Corporation, are observed as the key players in the global raising agents market. These companies are expected to drive the global production of raising agents through 2026.

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Segmentation of Raising Agents Market

Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type :

  • Baking Powder
  • Baking Soda
  • Cream of Tartar
  • Organic Agents
  • Others

Sales Channel :

  • Direct Sales & Wholesalers
  • Modern Grocery Retailers
  • Independent Grocery Retailer
  • Non-Store Retailers

Application :

  • Bakery Products
  • Confectionery Products
  • Biscuits and Crackers
  • Packaged Food Products
  • Fried Food Products
  • Other Food Products

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Frequently Asked Questions

  • How much is the raising agents market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What is the key trend boosting sales for raising agents?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for raising agents?
  • Who are the major players in the Raising agents Market?
  • What outlook does North America provide?
  • At what rate will the baking soda market grow?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Conversion Rate Optimization Software Market Surges to US$1.1 Billion in 2021, Anticipates Staggering 11.6% Growth by 2032

The worldwide sales of the conversion rate optimisation software market were projected to reach US$ 1.1 billion in 2021, as per a research published by Future Market Insights. It is projected that the market would rise by 11.6% between 2022 and 2032, which is significantly more than the previous increase. Over the period of 2022 to 2032, the Landing Page Builders class is expected to grow at a compound annual growth rate (CAGR) of more than 11.3%.

In order to boost sales and attract new clients, businesses are using technology solutions like e-commerce, which makes the demands of their consumers more complex. Rather to going into actual establishments, major purchases are now increasingly conducted online and through smartphone applications.

Business correspondents only focus on actions that result in a return on investment, as opposed to typical advertising active ingredients like brand reputation, visibility, and conversion rates.

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Unlike a number of other marketing methods, CRO software produces a consistent revenue stream after the promotion has concluded. CRO software provides a better return on investment (ROI) by decreasing marketing expenses but improving focus, resulting in a more efficient and cost-effective enterprise that has increased the use of CRO software and stoked CRO software expansion. 

CRO software system identifies users’ traffic behavior patterns, enabling broad patterns to be identified. Software tools can then determine the needs and goals of customers, which benefits businesses and professionals in media, online, tourism, and other industries. 

The increased use of CRM software in e-commerce provides information for the monitoring of clients, the determination of their product categories, and their regular use of the site. CRO software facilitates the improvement of e-commerce revenue, which will assist its expansion in the years to come. CRO software improves the Return to Investment (ROI) of businesses as it reduces advertising expenditures and centers on target markets. This impacts the economics of a business in a profitable way, which in turn helps cultivate the use of CRO software and thereby promotes the growth of conversion optimization software. 

Competition Landscape 

Some of the key players in the Conversion Rate Software Market include

  • Hotjar,
  • Lucky Orange,
  • Optimizely,
  • Crazy Egg,
  • Unbounce,
  • SurveyMonkey,
  • Qeryz,
  • BounceX,
  • Kissmetrics, and
  • Wingify.  

In January 2022, Unbounce announced that it will acquire LeadsRx, an attribution and analytics software provider. With this acquisition, Unbounce will help its SMB clients increase the quality and volume of conversions.

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Market Segments Covered in Conversion Rate Optimization Software Market Analysis

By Type:

  • Landing Page Builders
  • A/B Testing Software
  • Heat Maps Software
  • Others

By Application:

  • Large Enterprises
  • SMEs

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Report Customization available:
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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Consumption of Chickpea Flour Surging with Rising Health Consciousness. The Global Chickpea Flour Market Value to Cross US$ 5 billion by 2034 end

The global chickpea flour market is slated to be worth around US$ 2,574.1 million in 2024. The market is poised to grow at an encouraging CAGR of 7.1% over the projected period. The global chickpea flour industry is penned in to garner a revenue of almost US$ 5,093.1 million by the end of this projected period in 2034.

The demand for the product is rising due to its growing appeal as an active component in baked food items or confections and as a result of changes in consumer lifestyle. Moreover, the popularity of chickpea powder as a dietary supplement has further boosted the business in the last few years.

Significant value growth of chickpea-based flour is anticipated over the projection period due to its usage in illness prevention and health maintenance. Likewise, emerging applications of chickpea powder in cosmetics and personal care products have increased the end-user verticals in recent years.

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Key Takeaways from the Chickpea Flour Market Study Report

  • The overall market is predicted to witness an absolute growth opportunity of over US$ 2.5 billion over the next ten years.
  • Interestingly, the United States is observed to be witnessing higher demand for chickpea flour which is driving the market at 7.8% CAGR through 2034 in the country.
  • In Europe, the consumption of chickpea flour in Germany is figured to grow at a CAGR of 7.1% through the projected years.
  • India to retain its centrality in the global chickpea atta market by following a CAGR of 7.5% from 2024 to 2034.
  • Desi or the indigenous form of chickpea flour is estimated to hold 59.3% market share in 2024.

Competitive Landscape for the Chickpea Flour Market Players

The chickpea-based flour market is highly concentrated in a few chickpea-yielding areas or countries located in tropical and subtropical regions. However, the growing production of chickpea or Cicar arietinum in controlled environments of temperate countries of Europe and the North is anticipated to diversify the market.

Evolving consumer eating patterns and a move toward healthier meals to lower blood sugar levels has upraised the demand for gluten-free substitutes of traditional wheat flour. Inclusion of chickpea powder in the elite group including soybean flour is anticipated to bring in new growth avenues for the market players.” – says a lead analyst at FMI.

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Recent Developments by the Chickpea Flour Industry Participants

  • In March 2023, Supplant Foods Company of India received a patent for a technique for producing high-performance chickpea flour. This innovative process, developed by the company’s researchers and professionals, improves the functioning of chickpea protein by successfully eliminating the chemicals responsible for unwanted off-flavors and removing the color, thereby broadening its use in food and beverages.
  • In June 2023, Ardent Mills, a leading flour-milling and ingredient firm in the United States, announced two new products: Ardent Mills Egg Replace along with its Ancient Grains Plus Baking Flour Blend. The egg replacement solution is made up of only four ingredients, including chickpea flour which is also gluten-free and vegan, with no significant food allergens or soy components. The firm created these innovative, cost-effective solutions for optimal taste, function, and ease of use in bakery applications.

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Key Segments Covered by Chickpea Flour Industry Survey Report

By Product Type:

  • Desi
  • Kabuli

Distribution Channel:

  • Food Chain Services
  • Modern Trade
  • Convenience Store
  • Departmental Store
  • Online Store
  • Other Distribution Channel

By End Use Application:

  • Food & Beverage Processing
    • Bakery or Baked Goods
    • Confectionery and Desserts
    • Savory Snacks
    • Ready to Eat Products
    • Pasta & Macaroni
    • Energy & Protein Bars
    • Meat Alternatives
    • Dairy Replacements and Products
    • Mayonnaise, Sauces, Condiments, and Dressings
    • Extruded products
    • Other Food & Beverages (Batter Mixes, Gravy Thickeners, Infant Nutrition)
  • Retail Sales
    • Supermarkets or Hypermarkets
    • Departmental Stores
    • Wholesale Stores
    • Specialty Food Stores
    • Other Stores
  • Ready-to-Drink Beverages
    • Dairy based Beverages
    • Non-dairy or Plant-based Beverages
  • Nutraceuticals
  • Sports Nutrition
  • Animal Feed
  • Pet Food

By Product Claim:

  • Organic or Non-GMO
  • Conventional

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Applicant Tracking System Market is Expected to Progress at a CAGR of 5.3% from 2022 to 2032 | FMI

The Applicant Tracking System market is expected to earn US$ 2.1 billion in sales in 2022 and rise at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, according to a recent report by Future Market Insights. By the end of 2032, it is projected that the market would be worth US$ 3.8 billion. The surge can be attributed to the program’s capacity to be tailored and altered to satisfy end-user requirements.

The programme gathers resumes and keeps them in its database for recruiters to easily access. Applicant tracking systems, despite their corporate beginnings, enable organisations to modify the software to meet the needs of their own end users.

Through the partnership, iCIMS will be able to increase precision and data quality, conserve employee data, speed up decision-making, and ease internal mobility. Hiring managers and recruiters can send new hire insights through the company’s applicant tracking system platform, which quickly synchronizes the employee data to improve the procedures for transfers, new engagements, and rehires.

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The Impact of Covid-19 on Applicant Tracking System Market

The COVID-19-related economic crisis increased businesses’ interest in applicant tracking system software. Despite the shutdown, the global market for applicant tracking system expanded by 4.54% in 2020. Due to social distance and rules requiring employees to stay at home, it was difficult to fill open positions that were necessary to keep businesses operational. Remote recruiting was advised in order to keep the hiring process productive and to safeguard both recruiters and candidates.

On the other hand, a shift to virtual recruiting calls for the adoption of technology with plenty of features and sophisticated candidate tracking strategies. Due to the rising popularity of hiring automation and virtual interviewing platforms like Skype, Zoom, and Microsoft Teams, the market for applicant tracking systems has expanded.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Applicant Tracking System market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Applicant Tracking System market share.

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Some of the recent developments of key Applicant Tracking System providers are as follows:

  • In January 2020, for its HR product line, Jobvite introduced a data science strategy. By ensuring that corporate recruiters have access to the most qualified applicants, this program aims to save time for both candidates and recruiters. Several algorithms and data sources, including corporate and recruiter hiring preferences, are incorporated into this data-driven strategy.
  • In December 2020, to enhance the company’s Talent Cloud Platform with employee-generated video storytelling, iCIMS recently announced the acquisition of Altru Labs, a mobile video platform.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Applicant Tracking System   Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Applicant Tracking System in terms of Component (Software, Services) Deployment (On-premises, Cloud) Organization Size (Small & Medium Enterprises, Large Enterprises) End-Use (IT & Telecommunication, BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Applicant Tracking System Market Segmentation

By Component:

  • Software
  • Services
    • Training, Support & Maintenance
    • Integration & Implementation
    • Consulting

By Deployment:

  • On-premise
  • Cloud

By Organization Size:

  • Small & Medium Enterprises
  • Large Enterprises

By End Use:

  • IT & Telecommunication
  • BFSI
  • Healthcare & Life Sciences
  • Consumer Goods & Retail
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Guar Gum Market Growth Trajectory: Future Market Insights Foresees US$ 398.4 Million by 2034, with a 6% CAGR

The global market for guar gum market products is estimated to be US$ 239.4 million in 2024. In 2023, the market was valued at US$ 227.4 million. It is projected to exhibit a CAGR of 6.00% over the forecast period and reach US$ 398.4 million by 2034.

Post-pandemic, there is a growing awareness about the benefits of plant-based supplements and additives in the general population worldwide. This has opened new doors for companies involved in the nutraceutical and pharma industry to incorporate guar gum to enhance the overall nutritional qualities of their products. Guar gum is a thickening and stabilizing agent derived from guar beans, commonly grown in the semi-arid parts of India.

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Guar gum finds its applications not just in the pharma industry but in the food and beverage processing sector as well. Its surging demand in these industries is attributed to its ability to provide viscosity, stabilize emulsions, and act as a thickening agent in various products. This helps manufacturers of packed food items to enhance the shelf life of their products. Guar gum meets the food and beverage industry’s demand for a natural thickening agent, attracting a substantial amount of eco-conscious consumers.

In oil and natural gas exploration plants, guar gum is used as a thickening agent in hydraulic fracturing fluids to improve viscosity and fluid flow. In countries like the United States, China, Canada, and Mexico, where shale gas exploration activities are at their peak, the demand for guar gum is very likely to increase in the coming years.

“There are still a lot of problems in the guar gum market. The market is still dependent upon India for the cultivation of guar beans. This reliance is very detrimental to the global industry as any disruptions or fluctuations in India’s guar bean production can significantly impact the guar gum market worldwide,” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Market Study:

  • Function-wise, guar gums as an emulsifier dominate the market with a 57.00% share in 2024.
  • Guar gum is widely used in the food and beverage processing industry, with a market share of 57.00%
  • The guar gum market in Germany is predicted to grow at a CAGR of 11.20% through 2034.
  • The guar gum market in China is predicted to rise at a 3.20% CAGR through 2034.
  • The guar gum market in the United States has the potential to increase at 7.50% CAGR through 2034.
  • The Australian guar gum market is predicted to rise by 5.10% CAGR through 2034.
  • The guar gum market in Japan is predicted to grow at a CAGR of 4.50% through 2034.

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Competitive Landscape:

Companies such as Hindustan Gum and Chemicals, Jai Bharat Gum and Chemicals, Sunita Hydrocolloids, and TIC Gums, Inc. are key players in the guar gum market, contributing significantly to the global market share.

The majority of players in the guar gum market are present in India, as guar is primarily grown in the country. Smaller companies have significant opportunities in the guar gum market, particularly catering to regional food and beverage processing companies.

Key Players in the Market:

  • Hindustan Gum & Chemicals Ltd
  • Jai Bharat Gum and Chemicals Ltd
  • Global Gums & Chemicals Pvt. Ltd
  • Vikas WSP Limited
  • Ruchi Soya Industries Ltd
  • Supreme Gums Pvt. Ltd
  • Neelkanth Polymers
  • Sunita Hydrocolloids Pvt. Ltd
  • Vikas Granaries Limited
  • Dabur India Ltd
  • Rama Industries
  • Cargill, Incorporated
  • Ashland Global Holdings Inc.
  • TIC Gums, Inc.
  • DowDuPont Inc.
  • Lucid Group
  • Guar Resources LLC
  • Agro Gums
  • Shree Ram Industries
  • Shree Sidhbali Gum and Chemicals

Recent Developments:

  • Recently, guar gum was utilized to create a high-water-absorption, biodegradable hydrogel, providing a solution for enhancing soil moisture and supporting crop preservation during water scarcity.
  • In 2023, scientists developed edible ink for food printing using catechu and guar gum, offering advancements in food decoration and packaging.

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Market Segmentation:

By Product Type:

  • Food Grade
  • Fast Hydrated Gum Oil Drilling Grade
  • Industrial Grade

By End-use Industry:

  • Food and Beverages
  • Fracking
  • Textiles
  • Pharmaceuticals
  • Other End-Use Industries

By Primary Function:

  • Thickener and Stabilizer
  • Binding Agent
  • Other Functional Properties

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mango Puree Market to Hit US$ 3.56 Billion by 2034 with 7% CAGR Momentum | FMI

The mango puree market is predicted to be valued at US$ 1.8 billion by 2024. The market valuation is estimated to be US$ 3.56 billion by 2034, projected at a CAGR of 7%.

The market for mango puree is expanding as customer demand for natural and healthful food products rises. Smoothies, drinks, desserts, sauces, etc., are using mango puree, which is densely becoming popular as an ingredient due to its flavor and nutritional value.

Dangers and difficulties are some of the major reasons the market faces. The effect of weather variations and climate change has become hazardous for mango production. Adverse weather conditions like hurricanes, floods, and droughts majorly impact the production of mango crops, which causes shortages and price volatility in the market.

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Besides challenges, the market also sees potentialities with every passing day. Convenience food and beverage sales are growing worldwide. Ready-to-use food ingredients like mango puree are in high demand due to changing lifestyles and rising urbanization. Manufacturers can profit from this trend by providing value-added products and creating packaging formats that meet changing consumer tastes.

Key Takeaways from the Market Study

  • Under source type, the organic mango puree is accounted to hold a market share of 65.2% in 2024.
  • Germany is expected to register at a CAGR of 8.1% by 2034.
  • India registers significant growth, projected at a CAGR of 9.1% by 2034.
  • Based on end user, the beverage segment is accounted to hold a market share of 35.3% in 2024.

“The rise in consumer preference for natural and healthy food choices is one significant driver for the mango puree market,” Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape

Important competitors in the mango puree market are present like Del Monte Foods, ITC Limited, and Kiril Mischeff. Such market players provide a large selection of mango puree products that suit different needs in food and drink.

Strong competition strengthens innovation and boosts industry standards, giving consumers access to a wide range of premium mango puree options.

Some of the key developments are:

  • In 2021, Kiril Mischeff, unveiled novel package designs for its line of mango puree goods. The developments were made to extend product shelf life, preserve freshness, and meet changing customer and food industry demands.
  • In 2021, ITC Limited introduced a high-end line of mango puree products under its well-known brand name. ITC Limited launched premium mango puree made from particular mango types using its agriculture and food processing knowledge.

More Valuable Insights Available

Future Market Insights offers an unbiased global Mango Puree market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the Mango Puree market is segmented based on Source (Organic Mango Puree, Conventional Mango Puree), End Use (Infant Food, Beverage, Bakery and Snacks, Ice Cream and Yoghurt, Dressings and Sauces), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

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Key Segments

By Source:

  • Organic
  • Conventional

By End Use:

  • Infant Food
  • Beverage
  • Bakery and Snacks
  • Ice Cream and Yoghurt
  • Dressings and Sauces

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Report Scope

Attributes Details
Estimated Market Size in 2024 US$ 1.8 billion
Projected Market Valuation in 2034 US$ 3.56 billion
Value-based CAGR 2024 to 2034 7 %
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Market Analysis Value in US$ billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa
Key Market Segments Covered
  • Source
  • End use
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • Döhler GmbH
  • Kiril Mischeff
  • Tree Top Inc.
  • AGRANA Beteiligungs-AG
  • ITC Limited
  • KUO Group
  • Capricorn Food Products India Ltd
  • SVZ International B.V.
  • Aditi Foods India Pvt. Ltd.
  • Inborja S.A.
  • Kerr Concentrates Inc.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube